The author of the best-selling book, Rich Dad Poor Dad, Robert Kiyosaki, has sounded the alarm about a global recession. He highlighted the increasing number of bankruptcies, unemployment and homelessness, but also said it was good news for bargain hunters.
Robert Kiyosaki’s Recent Warnings
Rich Dad Poor Dad author Robert Kiyosaki has returned with further warnings about the US economy and the global economic crisis. The 1997 book by Kiyosaki and Sharon Lechter has been on the New York Times Best Seller list for over six years, with over 32 million copies sold in more than 51 languages in over 109 countries.
Kiyosaki tweeted on Saturday: “Q: What’s worse than a great depression? A: a global recession”. He added:
Unfortunately, we are in a global recession. Hang in there. Difficult times ahead. Bad news. Bankruptcies, homelessness, and unemployment are rising. Retirement toast.
However, the famous author noted there is good news for traders and stated: “Opportunities [are] everywhere. Gold, silver, bitcoin are invaluable.”
Last December, Kiyosaki predicted that bitcoin traders will be rich when the Federal Reserve prints trillions of dollars. In November, he said he is a bitcoin investor not a trader, which is why he will be delighted when BTC’s price drops. In September, he urged traders to start investing in crypto before the greatest financial catastrophe in history.
Not everyone is worried about a few global recessions. In September last year, the World Bank said that as central banks across the globe raise interest rates in response to inflation, the risk of a global recession is increasing. Additionally, the International Monetary Fund (IMF) has warned of challenging years for the global economy.
Kiyosaki has often warned about the state of the US economy and advised traders to buy gold, silver, or bitcoin. He often said he does not trust the Biden Administration, the US Treasury, the Federal Reserve, and Wall Street. He is so burdened by the Federal Reserve and the Treasury that they are destroying the US dollar.
He tweeted on Jan. 14 noting that oil, gold, silver and gold are rising in value “Good news for those who know inflation is permanent…now systemic…not transitory. Bad news for the uninformed, the poor, the middle class…anyone who believes that Biden cares about them and their families.”
What do you make of Robert Kiyosaki’s recent warnings? Let us know in the comment section.
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